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Quebec’s economic renaissance has captured global attention and CBRE has selected Ruth Fischer to lead the company's efforts in the province. Fischer will help elevate real estate services and realize more opportunities for business in Quebec.
“Ruth is the leader to help CBRE rise to the occasion,” said CBRE Canada President and CEO Werner Dietl. “She is the partner who can help our clients meet and exceed their real estate goals during this dynamic period.”
Montreal’s commercial real estate market has been resurgent of late. There were 1,439 transactions valued at $6.12 billion in the city last year. Montreal’s industrial market is particularly strong, recording 1.5 million sq. ft. of net absorption in the final quarter of 2020, dropping the industrial real estate availability rate to an all-time low of 2.1%.
The city is also a Tech Talent centre; its tech labour pool grew by 19.3% between 2014 and 2019, for a total Tech Talent pool of 141,600 workers – 7.4% of total employment in Montreal.
“Even in the midst of a pandemic, Quebec has incredible momentum, says Fischer, Senior Vice President and Managing Director for CBRE in the province. "Real estate strategy is a key part of achieving business goals and identifying new opportunities. Global experience, best practices and connections can help ensure we are all capitalizing on this moment."
Fischer forged a dynamic career over the past 20 years that spans the U.S., UK and Canada. Educated at Cornell University and the London School of Economics, Fischer has worked in all facets of the real estate industry from analyst to consultant to a key founder of CBRE’s Client Solutions division in Canada.
Fischer is known for driving positive change. She is a champion of the Canadian Chapter of CBRE's Women's Network, supports industry outreach and thought leadership as Co-Chair of the Urban Land Institute’s Sponsorship Committee, and is a member of the board of the Children's Book Bank.
With this appointment, Fischer becomes the first woman managing director of a CBRE regional market in Canada.
“Having a strong leader who knows the team and platform well was key,” said Dietl. “Our occupier and investor clients have come to appreciate Ruth’s creative solutions and her appointment promises an unmatched level of service, fresh perspectives, and next-generation leadership.”